Castrol India Limited

Technopolis Knowledge Park

Mahakali Caves Road
Chakala, Andheri (East)
Mumbai 400 093

Tel: (022) 6698 4100

Fax: (022) 6698 4101
www.castrol.co.in

CIN L23200MH1979PLC021359

Press Release
29 July 2015

Castrol India delivers strong Q2 2015 results

Net up 48% at Rs. 184.5 crores

Net Sales / Income

from Operations
Profit Before Tax
Profit After Tax

Q2
1H
% Inc/ Jan - Jun
(Dec) 2015

(In Rupees Crores)

1H
1H
Jan - Jun % Inc/
(Dec)
2014

Q2
Apr - Jun
2015

Q2
Apr - Jun
2014

923.6

913.7

1.1

1,722.8

1730.7

-0.5

281.8
184.5

188.8
124.4

49.3
48.3

504.6
331.2

341.8
224.6

47.6
47.5

Castrol India Limited today announced its results for the second quarter of 2015.
The company delivered a record performance during April June 2015, continuing
to build on operational momentum and driven by a more favorable cost of goods
environment.
Profit from operations during the quarter under review was up by 49 % at Rs. 266.8
crores whilst Profit after Tax was up by 48 % at Rs. 184.5 crores as compared to the
same period last year.
For the six month period January June 2015, Profit after Tax was up by 47.5 % to
Rs. 331.2 crores as against Rs. 224.6 crores during the same period in the previous
year.
The Board of Directors of the company, have at their meeting held on 29 July 2015,
declared an Interim Dividend of Rs 4.00 per share for the year ending 31 December
2015 (2014: Interim Dividend - Rs.3.50 per share). The interim dividend would be
paid to those shareholders whose names appear in the Register of Members at the
close of business hours on 5th August 2015 and would be payable on 20th August
2015.

Commenting on the results, Ravi Kirpalani, Managing Director, Castrol India Limited,
said: This is a strong set of financial results for the quarter, underpinned by prudent
margin management, premiumization of our portfolio and good progress on key
strategic drivers.
Mr. Kirpalani further added: We continue to build on the strong momentum in the
personal mobility business. Castrol Activ, the growth engine of the two-wheeler
segment, delivered a strong performance, building on the innovative and successful
digital campaign run during the first quarter for the ICC Cricket World Cup 2015. We
also made a strong foray in the rural markets through a rural engagement
programme leveraging virtual reality to engage with consumers and mechanics. The
campaign has received very encouraging response from all key stakeholders.
In the passenger car segment, the growth was largely delivered through Castrol
MAGNATEC which was promoted through its unique micro-marketing programme
and the Castrol MAGNATEC mobile unit. In the commercial vehicle oils, Castrol
Vecton launched during the first quarter has been performing exceptionally well in
the market place.
Commenting on the Industrial business, Mr. Kirpalani said: In our focus product
category of High Performance Lubes, sales volume grew strongly with successful
acquisition of new customers in Wind Energy & Mining segments. In the core
product category of metal working fluids, we have maintained our market share
despite sluggish manufacturing activity and challenging competitive environment.
Outlook: The strong result during the first half of the year has been achieved in an
environment which continues to be challenging for the Commercial Vehicle Oils
segment and Industrial lubricant oil demand is still under pressure. Looking ahead,
although the drop in crude oil price has translated into lower base oil cost, we are
likely to experience volatility in the cost of goods due to volatile Rupee exchange
rate. In the longer run, we continue to remain optimistic about the Indian lubricant
market and our business growth. The company is in a strong position to benefit from
growth prospects on account of its strong brands, enduring relationships with key
stakeholders and continued commitment of its staff.